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Bank of England 0.5% rate hike: What it means for mortgages and savings - Vimarsana News

Bank of England 0.5% rate hike: What it means for mortgages and savings

The Bank of England has today increased base rate by 0.5 percentage points to 2.25% as it continues to try and dampen runaway inflation.

Spooked markets in UK and Europe tumble after Bank of England's interest rate hike - Vimarsana News

Spooked markets in UK and Europe tumble after Bank of England's interest rate hike

Markets are showing little sign of proving recession fears wrong, as the FTSE 100 - which is made up of some of the country's biggest companies - ended the day down by 78.12 points, or 1.08 per cent.

Britons saving two thirds less than last year as inflation rises - Vimarsana News

Britons saving two thirds less than last year as inflation rises

The amount Britons are savings appears to be falling dramatically, according to the latest analysis by Paragon Bank.